Charles Schwab Investment Management Inc. Boosts Stake in Mission Produce, Inc. (NASDAQ:AVO)

Charles Schwab Investment Management Inc. lifted its position in shares of Mission Produce, Inc. (NASDAQ:AVOFree Report) by 10.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 658,038 shares of the company’s stock after acquiring an additional 59,983 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.93% of Mission Produce worth $6,640,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Signaturefd LLC lifted its stake in Mission Produce by 638.5% in the 3rd quarter. Signaturefd LLC now owns 2,917 shares of the company’s stock valued at $28,000 after buying an additional 2,522 shares in the last quarter. Quantbot Technologies LP purchased a new position in Mission Produce in the 3rd quarter valued at about $61,000. PNC Financial Services Group Inc. lifted its stake in Mission Produce by 22.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 12,615 shares of the company’s stock valued at $122,000 after buying an additional 2,297 shares in the last quarter. First Trust Direct Indexing L.P. lifted its stake in Mission Produce by 27.9% in the 4th quarter. First Trust Direct Indexing L.P. now owns 13,680 shares of the company’s stock valued at $138,000 after buying an additional 2,981 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in Mission Produce by 28.1% in the 4th quarter. SG Americas Securities LLC now owns 25,325 shares of the company’s stock valued at $256,000 after buying an additional 5,552 shares in the last quarter. 63.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Lake Street Capital initiated coverage on shares of Mission Produce in a research note on Friday, May 17th. They issued a “buy” rating and a $15.00 price target on the stock.

Read Our Latest Stock Analysis on Mission Produce

Mission Produce Stock Up 0.2 %

AVO stock opened at $11.85 on Monday. The company has a market cap of $839.57 million, a price-to-earnings ratio of 148.13 and a beta of 0.50. The company has a current ratio of 2.27, a quick ratio of 1.47 and a debt-to-equity ratio of 0.33. Mission Produce, Inc. has a 12 month low of $8.19 and a 12 month high of $13.99. The firm has a 50-day moving average of $11.85 and a two-hundred day moving average of $10.73.

Mission Produce (NASDAQ:AVOGet Free Report) last released its quarterly earnings data on Monday, March 11th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.16. The company had revenue of $258.70 million during the quarter, compared to the consensus estimate of $188.40 million. Mission Produce had a net margin of 0.60% and a return on equity of 3.98%. As a group, analysts forecast that Mission Produce, Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Mission Produce

In other news, Director Luis A. Gonzalez sold 231,250 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $11.83, for a total transaction of $2,735,687.50. Following the completion of the sale, the director now owns 7,916,983 shares in the company, valued at approximately $93,657,908.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Luis A. Gonzalez sold 27,422 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $12.23, for a total transaction of $335,371.06. Following the completion of the sale, the director now owns 123,000 shares in the company, valued at approximately $1,504,290. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Luis A. Gonzalez sold 231,250 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $11.83, for a total transaction of $2,735,687.50. Following the sale, the director now owns 7,916,983 shares of the company’s stock, valued at approximately $93,657,908.89. The disclosure for this sale can be found here. In the last quarter, insiders sold 526,621 shares of company stock worth $6,177,782. Insiders own 41.60% of the company’s stock.

About Mission Produce

(Free Report)

Mission Produce, Inc engages in the sourcing, farming, packaging, marketing, and distribution of avocados, mangoes, and blueberries to food retailers, distributors, and foodservice customers in the United States and internationally. The company operates through three segments, Marketing and Distribution; International Farming; and Blueberries.

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Institutional Ownership by Quarter for Mission Produce (NASDAQ:AVO)

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